In Brief: 23 Billion-Dollar U.S. Disasters and Counting in 2023

According to the National Oceanographic and Atmospheric Administration, there have been 23 confirmed weather/climate disaster events with losses exceeding $1 billion each to affect United States in 2023.

According to the National Oceanographic and Atmospheric Administration, the U.S. has sustained 371 weather and climate disasters since 1980 where overall damages/costs reached or exceeded $1 billion (including CPI adjustment to 2023). The total cost of these 371 events exceeds $2.615 trillion.

As of mid-September, there have been 23 confirmed weather/climate disaster events with losses exceeding $1 billion each to affect United States. These events included 2 flooding events, 18 severe storm events, 1 tropical cyclone event, 1 wildfire event, and 1 winter storm event. Overall, these events resulted in the deaths of 253 people and had significant economic effects on the areas impacted. The 1980–2022 annual average is 8.1 events (CPI-adjusted); the annual average for the most recent 5 years (2018–2022) is 18.0 events (CPI-adjusted).

That doesn’t include Tropical Storm Hilary which hit the West Coast in August bringing record-breaking rainfall and flooding across parts of the Southwest.

2023-billion-dollar-disaster-map-1000

Brett Widness is the managing editor of Urban Land. Previously, he worked in online editorial at the Washington Post, AARP, and AOL, now part of Yahoo!
Related Content
Members Sign In
Don’t have an account yet? Sign up for a ULI guest account.
E-Newsletter
This Week in Urban Land
Sign up to get UL articles delivered to your inbox weekly.
Members Get More

With a ULI membership, you’ll stay informed on the most important topics shaping the world of real estate with unlimited access to the award-winning Urban Land magazine.

Learn more about the benefits of membership
Already have an account?